cfa mock exam level 1 2012 free

... 3.6 3.1 Year 2007 Gross-ofFees Return (%) 4.4 2008 2.7 1.7 6.2 2009 –1.5 –2.5 –4.3 2010 8.3 7.3 11.1 Total Assets ($m) Composite 125 Firm 1,000 4.0 220 1,150 1.9 345 910 11 2.6 430 1,020 1Q11 6.6 ... I–VII,” CFA Institute 2011 Modular Level III, Vol 1, pp 126, 131–132 By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to currently registered CFA candidates ... long the 1100 and 1150 strikes and short of the 1125 strike The maximum profit is when the index is at 1125 The maximum profit per contract = Profit on long 1100 + Profit on short 1125 + Profit

Ngày tải lên: 14/06/2019, 17:10

... Standards 18 7-12 Ethical and Professional Standards 18 13-18 Risk Management 18 19-24 Equity Portfolio Management 18 25-30 Performance Attribution 18 31-36 Fixed Income Portfolio Management 18 37-42 ... 2010 Level III Mock Exam The 2010 Level III Chartered Financial Analyst® Mock Examination has 60 questions To best simulate the exam day experience, candidates are ... contract Macaulay Duration of U.S Treasury-bond futures contract 1223.14 984.03 496.24 484.28 $245,750 $117,475 $120,875 1.15 1.03 $106,906 6.87 7.05 Allison’s assistant has prepared the following

Ngày tải lên: 14/06/2019, 17:10

... Standards I – VII, CFA Institute 2010 Modular Level III, Vol 1, pp 15-17, 29-31, 69-71 Study Sessions 1-2-a By accessing this mock exam, you agree to the following terms of use: This mock exam is provided ... Chance 2010 Modular Level III, Vol 5, pp 371-374 Study Session 15-41-e By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to currently-registered CFA ... to: A 8.66% B 10.55% C 11.81% Answer: A ―Fixed-Income Portfolio Management – Part II,‖ H Gifford Fong and Larry D Guin, CFA 2010 Modular Level III, Vol 4, pp 107-109 Study Session 10-30-a Evaluate

Ngày tải lên: 14/06/2019, 17:10

... 2013 Level III Mock Exam The 2013 Level III Chartered Financial Analyst (CFA®) Mock Examination has 60 questions To best simulate the exam day experience, candidates ... period ended on 31 December 2013 is closest to: A PEN1,365,000 B PEN1,911,000 C PEN2,062,667 Answer = B “Risk Management Applications of Option Strategies,” Don M Chance 2013 Modular Level III, Vol ... 300,000,000   1.12  810.69    1.12  5.3  97,750 518,075   51 Based on Seymour’s statement regarding international interest rates, as well as the data in Exhibit 3, the impact of a 100-basis-point

Ngày tải lên: 14/06/2019, 17:10

... 2013 Level III Mock Exam The 2013 Level III Chartered Financial Analyst (CFA®) Mock Examination has 60 questions To best simulate the exam day experience, candidates ... Exhibit and subsequent disclosure notes: Year 2007 2008 2009 2010 2011 Gross Return % 15 22 –20 11 20 Benchmark Return % 15 20 –25 10 20 Exhibit Wryte Capital Management U.S Large-Cap Equity Composite ... (unhedged, USD equivalent) 10 S&P 500 Index call options (notional amount) 10 A-rated corporate bonds 20 Total 100 Risk Measure Beta: 1.30 Beta: 0.95 Beta: 1.20 Beta: 1.10 Delta: 0.50 Duration:

Ngày tải lên: 14/06/2019, 17:10

... currently-registered CFA candidates; copying, posting to any website, emailing, distributing and/or reprinting the mock exam for any purpose 2009 Modular Level III, Volume 4, pp 115-119 Study Session 10-31-f ... for Standards I-VII,” CFA Institute 2009 Modular Level III, Volume 1, p 57 Study Session 1-2-a By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to ... Contract 1.0 $110,000* N/A 6.5 0.25 years U.S Treasury Bill (Cash Equivalent) Contract $100,000* N/A 0.25 0.25 years By accessing this mock exam, you agree to the following terms of use: This mock exam

Ngày tải lên: 14/06/2019, 17:10

... Composite Firm 2009 4.4 3.4 3.6 3.1 125 1,000 2010 2.7 1.7 6.2 220 1,150 2011 –1.5 –2.5 –4.3 1.9 345 910 2012 8.3 7.3 11.1 11 2.6 430 1,020 1Q13 6.6 5.6 –2.9 13 4.1 600 1,100 Notes: Long Pond is an ... performance record C presentation of 1Q13 performance Answer = B "Overview of the Global Investment Performance Standards," Phillip Lawton Sections 3.11, 3.12 Long Pond is required by the GIPS ... Since January 2011, Long Pond uses fair value for real estate holdings calculated annually and has an external expert value the properties every 36 months For periods before January 2011, however,

Ngày tải lên: 14/06/2019, 17:10

... purchase a $100 million interest rate put on 180day Libor with an exercise rate of 5.75% and expiring on 15 April 2012 The put premium was $25,000 Libor rates on 16 March 2012 and 15 April 2012 were ... $1,100 and $1,150 strikes and short two of the $1,125 strike The maximum profit is when the index is at $1,125 The maximum profit per contract = Profit on long $1,100 + Profit on two short $1,125 ... committed to lend $100 million in 30 days (on 15 April 2012), with interest and principal due on 12 October 2012, or 180 days from the date of the loan The interest rate on the loan was 180-day Libor

Ngày tải lên: 14/06/2019, 17:10

... purchase a $100 million interest rate put on 180day Libor with an exercise rate of 5.75% and expiring on 15 April 2012 The put premium was $25,000 Libor rates on 16 March 2012 and 15 April 2012 were ... committed to lend $100 million in 30 days (on 15 April 2012), with interest and principal due on 12 October 2012, or 180 days from the date of the loan The interest rate on the loan was 180-day Libor ... Exhibit Exhibit 1: Options Data for S&P 500 Stock Index (options expire in six months; multiplier = $100) Exercise Call Put Price Price Price $1,100 $95.85 $42.60 $1,125 $80.50 $48.00 $1,150 $64.70

Ngày tải lên: 14/06/2019, 17:10

... 2011 –1.0 –2.0 –4.5 2012 9.3 8.3 12.0 12 1Q13 5.2 4.9 –7.0 14 Total Assets ($ millions) Internal Dispersion (%) Composite Firm 3.3 4.6 1.7 2.8 3.6 100 225 350 425 620 1,000 1,250 900 1,050 1,125 ... and solve for σM Expected return – Risk-free rate = RPM 7.2% – 3.1% = 4.1% (or 0.041) σM = 0.041/0.36 = 0.1139 Var(RM) = (0.1139)2 = 0.0130 βi = 0.0075/0.0130 = 0.58 “Capital Market Expectations,” ... 2, Global Bonds √Var (F1) = 0.0250.5 = 0.1581 √Var (F2) = 0.00140.5 = 0.0374 Cov(F1,F2) = σ1σ2ρ1,2 = 0.1518 × 0.374 × 0.33 = 0.002 Real estate factor sensitivities are bre,1 0.6 for sensitivity

Ngày tải lên: 14/06/2019, 17:10

... 2011 –1.0 –2.0 –4.5 2012 9.3 8.3 12.0 12 1Q13 5.2 4.9 –7.0 14 Total Assets ($ millions) Internal Dispersion (%) Composite Firm 3.3 4.6 1.7 2.8 3.6 100 225 350 425 620 1,000 1,250 900 1,050 1,125 ... 25 25 30 24 1.4 1.4 1.6 Mortgage 34 34 35 43 1.5 1.5 1.6 Asset2 2 0.0 0.0 0.0 backed CMBS 3 0.1 0.1 0.1 Cash 0 0.0 0.0 0.0 Total 100 100 100 100 3.4 3.4 3.7 Note that in Exhibit 1, the portfolio ... and a CFA Institute member who passed Levels I and II of the CFA examination in 2011 and 2012, respectively Because of a demanding work schedule, he did not enroll for the 2013 Level III exam

Ngày tải lên: 14/06/2019, 17:10

... (1.02 × mil) + (0.94356 × mil) + (0.88688 × mil) = 14,518,440 Weight, Bond A = 7,140,000 / 14,518,440 = 0.492 Weight, Bond B = 4,717,800 / 14,518,440 = 0.325 Weight, Bond C = 2,660,640 / 14,518,440 ... 14,518,440 = 0.183 Portfolio duration = (0.492 × 1.89) + (0.325 × 7.70) + (0.183 × 11.55) = 5.55 By accessing this mock exam, you agree to the following terms of use: This mock exam is provided ... Level I, Volume 1, pp 48-50, 89-91 Study Session 1–2–a By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to currently-registered CFA candidates Candidates

Ngày tải lên: 18/06/2019, 15:20

... 33-44 Economics 18 45-68 Financial Statement Analysis 36 69-78 Corporate Finance 15 79-90 Equity Investments 18 91-96 Derivative Investments 97-108 Fixed Income Investments 18 109-114 Alternative ... Alternative Investments 115-120 Portfolio Management Total: 180 By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to currently-registered CFA candidates ... 2009 Level I Mock Exam: Afternoon Session The afternoon session of the 2009 Level I Chartered Financial Analyst® Mock Examination has 120 questions To best simulate the exam day experience,

Ngày tải lên: 18/06/2019, 15:20

... 33-44 Economics 18 45-68 Financial Statement Analysis 36 69-78 Corporate Finance 15 79-90 Equity Investments 18 91-96 Derivative Investments 97-108 Fixed Income Investments 18 109-114 Alternative ... Alternative Investments 115-120 Portfolio Management Total: 180 By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to currently-registered CFA candidates ... Possible Rate of Return (Percent) Probability -10% 0.20 -5 0.30 10 0.40 25 0.10 The variance of returns for the asset are closest to: A 121 B 188 C 213 116 An analyst gathered the following information

Ngày tải lên: 18/06/2019, 15:20

... 2009 Modular Level I, Volume 6, p 191 Study Session 18-73-f By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to currently-registered CFA candidates ... asset are closest to: A 121 B 188 C 213 Answer: A By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to currently-registered CFA candidates Candidates ... Questions 115 through 120 relate to Portfolio Management 115 An analyst collected the following data for an asset: Possible Rate of Return (Percent) Probability -10% 0.20 -5 0.30 10 0.40 25 0.10 The

Ngày tải lên: 18/06/2019, 15:20

... 10) + (0.25 x 16) + (0.10 x 20) = 11.8% The expected standard deviation is calculated as follows: σ2 = 0.35 x (8 - 11.8)2 + 0.30 x (10 - 11.8)2 + 0.25 x (15 - 11.8)2 + 0.10 x (20 - 11.8)2 = 15.31 ... 50 bp decrease A 102.00 101.04 102.97 B 88.69 83.81 94.07 The effective durations of Bond A and Bond B are closest to: Bond A Bond B A 0.95 5.78 B 0.95 11.57 C 1.89 5.78 D 1.89 11.57 Select exactly ... (1.02 x mil) + (0.94356 x mil) + (0.88688 x mil) = 14,518,440 Weight, Bond A = 7,140,000 / 14,518,440 = 0.492 Weight, Bond B = 4,717,800 / 14,518,440 = 0.325 Weight, Bond C = 2,660,640 / 14,518,440

Ngày tải lên: 18/06/2019, 15:19

... 10) + (0.25 x 16) + (0.10 x 20) = 11.8% The expected standard deviation is calculated as follows: σ2 = 0.35 x (8 - 11.8)2 + 0.30 x (10 - 11.8)2 + 0.25 x (15 - 11.8)2 + 0.10 x (20 - 11.8)2 = 15.31 ... (0.6) = 1.20 ks = 4.20 + 5.60(1.50) = 12.60%; V = 1.20(1.051) / (0.126 - 0.051) = $16.82 91 “Option Markets and Contracts”, Don M Chance 2008 Modular Level I, Vol 6, pp 90-93 Study Session 17-73-d ... (1.02 x mil) + (0.94356 x mil) + (0.88688 x mil) = 14,518,440 Weight, Bond A = 7,140,000 / 14,518,440 = 0.492 Weight, Bond B = 4,717,800 / 14,518,440 = 0.325 Weight, Bond C = 2,660,640 / 14,518,440

Ngày tải lên: 18/06/2019, 15:19

... quarters does real income decline? Nominal GDP Q 0 (base) 9 81 Q1 993 Q2 1, 0 01 Q3 1, 042 Q4 1, 040 GDP Deflator 10 0 10 1 10 6 11 1 10 7 * all four quarters * none of these answers is ... * 4.51% * 7.88% * 12.21% * 30.00% * 6.61% That answer is incorrect. Correct answer: 6.61% The calculation is as follows: (36/10)^(1/20)-1=0.0661 Which of the ... www.cfa-aficionado.cjb.net www.marbella.to/cfa-aficionado 1081 Questions + Answers of the CFA EXAM Level 1 Study Session : Macroeconomics

Ngày tải lên: 26/05/2014, 23:26

... 99) D 10 0) B 10 1) D 10 2) C 10 3) A 10 4) B 10 5) C 10 6) A 10 7) D 10 8) D 10 9) D 11 0) B 11 1) A 11 2) B 11 3) A 11 4) C 11 5) C 11 6) D 11 7) D 11 8) C 11 9) C 12 0) A Answers 1) A Standard V(A), Prohibition ... Schweser Online Test # = 613 412 Correct Answers 1) A 2) D 3) A 4) A 5) B 6) C 7) A 8) D 9) A 10 ) A 11 ) B 12 ) C 13 ) B 14 ) A 15 ) D 16 ) D 17 ) C 18 ) A 19 ) C 20) D 21) A 22) B 23) C 24) A 25) ... 7. 11 0) B Covariance = (1/ n)(S (RX –ERX)(RY – ERY)) mean X = (7+9 +10 +10 )/4 = 9; mean Y = (5+8 +11 +8)/4 = 8 Cov = [(7-9)(5-8)+(9-9)(8-8)+ (10 -9) (11 -8)+ (10 -9)(8-8)] / 4 = 2.25 11 1) A Portfolio...

Ngày tải lên: 21/01/2014, 02:20

... Year 1 2 3 4 5 6 7 8 9 10 Return (%) 2.2 6.2 8.9 9.3 10 .5 11 .7 12 .3 14 .1 15 .3 18 .4 The geometric mean return (%) is closest to: A. 9.62. B. 10 .80. C. 10 .89. ... Robinson, CFA, Jan Hendrik van Greuning, CFA, Karen O’Connor Rubsam, CFA, R. Elaine Henry, CFA, and Michael A. Broihahn, CFA 2 010 Modular Level 1, Vol. 3, pp. 10 6 -10 8 Study Session 7- 31- d Describe ... supplied is 5 / 27.5 = 0 .18 1 818 . Average price is (20 + 15 ) / 2 = 17 .5 and the percentage change in price is 5 / 17 .5 = 0.285 714 . The elasticity of supply is 0 .18 1 818 / 0.285 714 = 0.636364. ...

Ngày tải lên: 21/01/2014, 03:20